yota691 Posted November 16, 2017 Report Share Posted November 16, 2017 CBI increases fines on banks that deposit counterfeit cash to 700% By rami - November 16, 2017 13 0 The Central Bank of Iraq decided on Thursday to increase the fines on banks that deposit counterfeit money to 700%, adding that the foreign currency deposited will be confiscated as Iraqi securities. The bank said in a press statement that, in order to reduce the appearance of counterfeit securities and differences in the increase and decrease and different categories and the emergence of foreign currency in the deposit by you at this bank has been decided to increase fines for these cases, “noting that” fines will include banknotes that are counted and sorted Effective November 11 “.The bank added that “the percentage of fines for counterfeit banknotes will be increased from 500% to 700% with compensation by the bank, and will be fine for the shortage discovered in the banknotes from 100% to 250% with the compensation of the shortfall,” adding that ” Will receive 5% of the value of the buried banknotes. ” The bank said that “the increase in deposits and deposits will be confiscated in the account of the revenues of the Central Bank, in addition to the confiscation of various groups discovered in bank deposits of Iraqi banknotes as an increase from the papers authorized by you with the compensation of the shortage,” pointing out that “will also The confiscation of foreign currency securities discovered within the Iraqi banknotes and record revenues of the Treasury General. 6 Link to comment Share on other sites More sharing options...
yota691 Posted November 16, 2017 Author Report Share Posted November 16, 2017 The Central Bank decides to increase fines on banks that deposit counterfeit cash From 2017-11-16 at 10:06 (Baghdad time) Baghdad - Mawazine News The Central Bank of Iraq decided on Thursday to increase the fines on banks that deposit counterfeit money to 700%, adding that the foreign securities deposited will be confiscated as Iraqi securities. In a statement received by Mawazine News, the bank said that "in order to reduce the appearance of counterfeit securities, excesses, decreases, different categories and the appearance of foreign currency notes in your deposit with this bank, it was decided to increase fines for these cases," noting that "fines will include Banknotes counted and counted as of November 11 present " The bank added that "the fines for counterfeit banknotes will be increased from 500% to 700% with compensation by the bank, and a fine will be imposed on the shortage discovered in the banknotes from 100% to 250% with the compensation of the shortfall," pointing out that "5% of the value of the buried banknotes will be collected." The bank said that "the increase in deposits and deposits will be confiscated in the account of central bank revenues, in addition to the confiscation of various groups discovered in bank deposits of Iraqi banknotes as an increase from the papers authorized by you with the compensation of the shortage," noting that "will also The confiscation of foreign currency notes discovered within the Iraqi banknotes and record revenues of the Treasury General. " 4 Link to comment Share on other sites More sharing options...
yota691 Posted November 16, 2017 Author Report Share Posted November 16, 2017 Central Bank increases fines on banks that deposit counterfeit cash to 700% Logo of the Central Bank of Iraq Economy News Baghdad: The Central Bank of Iraq decided on Thursday to increase the fines on banks that deposit counterfeit money to 700%, adding that the foreign currency deposited will be confiscated as Iraqi securities. The bank said in a press statement received by "Economy News" that "in order to reduce the appearance of counterfeit securities and differences in the increase and decrease and different categories and the emergence of foreign currency in the deposit by you at this bank has been decided to increase fines for these cases," noting that " Banknotes counted and counted as of November 11 present. " The bank added that "the percentage of fines for counterfeit banknotes will be increased from 500% to 700% with compensation by the bank, and will be fine for the shortage discovered in the banknotes from 100% to 250% with the compensation of the shortfall," adding that " Will receive 5% of the value of the buried banknotes. " The bank said that "the increase in deposits and deposits will be confiscated in the account of the revenues of the Central Bank, in addition to the confiscation of various groups discovered in bank deposits of Iraqi banknotes as an increase from the papers authorized by you with the compensation of the shortage," pointing out that "will also The confiscation of foreign currency securities discovered within the Iraqi banknotes and record revenues of the Treasury General. Views 64 Date Added 16/11/2017 4 Link to comment Share on other sites More sharing options...
bostonangler Posted November 16, 2017 Report Share Posted November 16, 2017 That's one way to clean up the bankers and counterfeit money... Make them pay for accepting it... Things are getting serious in their business of money and how to stop the bleeding... B/A 3 Link to comment Share on other sites More sharing options...
yota691 Posted November 16, 2017 Author Report Share Posted November 16, 2017 The Central Bank increases fines on banks that deposit counterfeit banknotes Readers The Central Bank increases fines on banks that deposit counterfeit banknotes 16-11-2017 03:18 PM The Euphrates - The Central Bank of Iraq decided to increase the fines on banks that deposit counterfeit banknotes, noting that the increase in deposits will be confiscated and the confiscation of foreign banknotes deposited as Iraqi securities. A statement issued by the bank said today that to limit the appearance of counterfeit securities, spreads, excesses, different categories and the emergence of foreign currency notes in your deposit with the bank, it was decided to increase fines for these cases. The banknotes counted and counted as of November 11, . He added that the rate of fines for counterfeit banknotes will be increased from 500% to 700% with compensation by the bank. A penalty will be imposed on the shortage discovered in the banknotes from 100% to 250% with the compensation of the shortfall, as well as obtaining 5% Value of buried securities ". The statement said that "the increase in deposits and deposits will be confiscated in the account of central bank revenues, in addition to the confiscation of various groups discovered in bank deposits of Iraqi banknotes as an increase from the papers authorized by you with the compensation of the shortage," noting that "will also The confiscation of foreign currency securities discovered within the Iraqi banknotes and record revenues of the Treasury General. 1 5 Link to comment Share on other sites More sharing options...
Big_J Posted November 16, 2017 Report Share Posted November 16, 2017 GM YOTA AND DV. 1 1 Link to comment Share on other sites More sharing options...
chinadawg Posted November 16, 2017 Report Share Posted November 16, 2017 SMACK THAT AZZ...THAT WILL LEARN'EM 3 Link to comment Share on other sites More sharing options...
Laid Back Posted November 16, 2017 Report Share Posted November 16, 2017 It's clear the CBI is not planning to LOP or RD. They're Cleaning the banking from counterfeit currency, money laundering and terrorism support before adding value to the dinar we hold. Go new monetary policy Go RV Go 2028 1 14 Link to comment Share on other sites More sharing options...
dinarham Posted November 16, 2017 Report Share Posted November 16, 2017 Glory be for the "uncounterfeitable" Dinar ! 1 1 1 Link to comment Share on other sites More sharing options...
Rochester Posted November 16, 2017 Report Share Posted November 16, 2017 26 minutes ago, Laid Back said: It's clear the CBI is not planning to LOP or RD. They're Cleaning the banking from counterfeit currency, money laundering and terrorism support system" rel="">support before adding value to the dinar we hold. Go new monetary policy Go RV Go 2028 2028? I don't have that kind of patience 1 Link to comment Share on other sites More sharing options...
Wiljor Posted November 16, 2017 Report Share Posted November 16, 2017 1 hour ago, Laid Back said: It's clear the CBI is not planning to LOP or RD. They're Cleaning the banking from counterfeit currency, money laundering and terrorism support system" rel="">support before adding value to the dinar we hold. Go new monetary policy Go RV Go 2028 Agreed brother Laid Back, although not as fast as we wish, Iraq is making great strides and a solid banking foundation being implemented, the news is all around us 2 Link to comment Share on other sites More sharing options...
Laid Back Posted November 16, 2017 Report Share Posted November 16, 2017 3 minutes ago, Wiljor said: Agreed brother Laid Back, although not as fast as we wish, Iraq is making great strides and a solid banking foundation being implemented, the news is all around us WIljor, beginning of 2018 is looking great for dinar investors. Go CBI Go new monetary policy Go $1:1 4 Link to comment Share on other sites More sharing options...
chinadawg Posted November 17, 2017 Report Share Posted November 17, 2017 9 hours ago, Laid Back said: It's clear the CBI is not planning to LOP or RD. They're Cleaning the banking from counterfeit currency, money laundering and terrorism support system" rel="">support before adding value to the dinar we hold. Go new monetary policy Go RV Go 2028 please tell me 2028 was a typo,,,, 5 Link to comment Share on other sites More sharing options...
Laid Back Posted November 17, 2017 Report Share Posted November 17, 2017 44 minutes ago, chinadawg said: please tell me 2028 was a typo,,,, It was Go 2018 3 Link to comment Share on other sites More sharing options...
Bunk Posted November 17, 2017 Report Share Posted November 17, 2017 17 hours ago, Laid Back said: It's clear the CBI is not planning to LOP or RD. They're Cleaning the banking from counterfeit currency, money laundering and terrorism support system" rel="">support before adding value to the dinar we hold. Go new monetary policy Go RV Go 2028 2028!! . Maybe though. Link to comment Share on other sites More sharing options...
Butifldrm Posted April 18, 2018 Report Share Posted April 18, 2018 The Central Bank announces how it handles counterfeit banknotes Economie Since 2018-04-18 at 11:44 (Baghdad time) Baghdad - Mawazine News The Central Bank announced on Wednesday how to deal with counterfeit banknotes through confiscation, stamping and sending them from banks to it. The Central Bank said in a statement received by "Mawazin News" that "the counterfeit banknotes when disclosed, they are confiscated and provide the holder support the details of those securities of the Fund's secretaries of the Central Bank and its branches and banks and all branches and the competent authority that has been confiscated." The statement added that "a special record will be kept from each treasurer showing the number of counterfeit banknotes and their categories and the name of the depositing customer that appeared in his accounts and account number." He explained that "counterfeit banknotes will be stamped with the stamp of fraud, which bears the name of the bank and branch after being confiscated from the bank And sent to the Central Bank under an official letter. "Ended 29 / p http://www.mawazin.net/البنك-المركزي-يعلن-عن-كيفية-تعامله-مع-الاوراق-النقدية-المزورة 2 Link to comment Share on other sites More sharing options...
Butifldrm Posted April 18, 2018 Report Share Posted April 18, 2018 The Central Bank reveals how it deals with counterfeit banknotes Editor Hossam Al - Khafaji - Wednesday 18 April Alsumaria News / Baghdad The Central Bank deals with counterfeit banknotes through confiscation and stamping and sending them from banks to the Central Bank. The Central Bank said in a statement received by Alsumaria News, a copy of it, that "counterfeit banknotes at the time of disclosure, they are confiscated and provide the holder to support the details of those securities of the trustees of the Fund in the Central Bank and its branches and banks and all branches and the competent authority that confiscated," noting that " A special record shall be kept from each treasurer specifying the number of counterfeit banknotes and their categories and the name of the depositing customer appearing in his deposits and account number. The bank said that "counterfeit banknotes will be stamped with the stamp of fraud, which bears the name of the bank and branch after being confiscated from the bank and sent to the Central Bank under an official letter." The bank pointed out that "the Treasury and Issuance Department sends weekly, monthly and quarterly statistics on the details of the counterfeit documents discovered or received by categories and the recipient to the relevant authorities which the Governor considers to be informed." https://www.alsumaria.tv/news/234534/البنك-المركزي-يكشف-عن-كيفية-تعامله-مع-الاوراق-النق/ar 1 6 Link to comment Share on other sites More sharing options...
Synopsis Posted April 18, 2018 Report Share Posted April 18, 2018 10 hours ago, Butifldrm said: The Central Bank deals with counterfeit banknotes through confiscation and stamping and sending them from banks to the Central Bank. I think this piece is exceptionally Good News at this Time. WHEN the CHUNKAE’ MONAE’ hits the banks, there is a process already in place to deal with the counterfeit notes and will be business as usual. These last two articles are dated for today so will be interesting to see other currency related articles in the very near future. News like counting machines, etc. is related Good News while there are a plethora of other related articles seemingly heralding Good Things to come! In The Mean Time................................. Go Moola Nova (YEAH, BABY!!!)!!! 1 2 7 Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 18, 2018 Report Share Posted April 18, 2018 2 hours ago, Synopsis said: I think this piece is exceptionally Good News at this Time. WHEN the CHUNKAE’ MONAE’ hits the banks, there is a process already in place to deal with the counterfeit notes and will be business as usual. These last two articles are dated for today so will be interesting to see other currency related articles in the very near future. News like counting machines, etc. is related Good News while there are a plethora of other related articles seemingly heralding Good Things to come! In The Mean Time................................. Go Moola Nova (YEAH, BABY!!!)!!! A lot of little things could lead to some big things. 3 Link to comment Share on other sites More sharing options...
Synopsis Posted April 19, 2018 Report Share Posted April 19, 2018 1 hour ago, ChuckFinley said: A lot of little things could lead to some big things. Yep, ChuckFinley!!! Eventually, the built up Good News HAS to make the dam give way!!! In The Mean Time................................... Go Moola Nova (YEAH, BABY!!!)!!! 2 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted April 19, 2018 Report Share Posted April 19, 2018 32 minutes ago, Synopsis said: Yep, ChuckFinley!!! Eventually, the built up Good News HAS to make the dam give way!!! In The Mean Time................................... Go Moola Nova (YEAH, BABY!!!)!!! Rollin’ rollin’ rollin’ like a river.......... now bust that dam wide open! I agree Synopsis! 2 Link to comment Share on other sites More sharing options...
Synopsis Posted April 19, 2018 Report Share Posted April 19, 2018 3 hours ago, NEPatriotsFan1 said: Rollin’ rollin’ rollin’ like a river.......... now bust that dam wide open! I agree Synopsis! NEPatriotsFan1, AND The Best Of The Rest Of Your Week!!! Go Moola Nova (YEAH, BABY!!!)!!! Link to comment Share on other sites More sharing options...
navira45 Posted April 19, 2018 Report Share Posted April 19, 2018 Bump this. There will be a finacial inclusion event to take place on april 27 2018 (this month)..and this article shows up before that date. I highly believe, beyond a shadow of a doubt, that the rv will happen prior to that date. 1 1 Link to comment Share on other sites More sharing options...
TOMINVEGAS Posted April 19, 2018 Report Share Posted April 19, 2018 Hope you’re right Navira. 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted April 19, 2018 Report Share Posted April 19, 2018 Banks The Central Bank reveals how it deals with counterfeit currencies April 19, 2018 20 0 Iraqi Economic Center - Baghdad How the Iraqi Center Bank on how to deal with counterfeit banknotes through the confiscation and stamping and send them from banks to the Central Bank directly. The bank said in a statement that the counterfeit banknotes at the time of their disclosure are confiscated and the holder is provided with support for the details of these documents from the trustees of the Fund in the Central Bank and its branches and banks and all branches and the competent authority that confiscated, indicating that a special record will be kept from each treasurer proving The number of counterfeit banknotes and their categories and the name of the depositing customer that appeared in his deposits and account number. In addition to that the counterfeit banknotes will be stamped with the stamp of fraud, which bears the name of the bank and branch after being confiscated from the bank and sent to the Central Bank under an official letter. It is worth mentioning that the Department of Treasury and Issuance of the Central Bank sends weekly, monthly and quarterly statistics on the details of the counterfeit documents discovered or received according to the categories and the recipient to the relevant authorities, which the Governor considers to be informed. http://economiciraq.com/2018/04/19/البنك-المركزي-يكشف-كيفية-تعامله-مع-الع/ 1 3 Link to comment Share on other sites More sharing options...
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